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India to set up panel to oversee FDI commitment under FTA with NZ
December 29, 2025
|Business Standard
India will set up an oversight committee to assess whether New Zealand should be granted a 'grace period' or additional time if the country fails to fulfil its foreign direct investment (FDI) commitment over a 15-year period.
The two countries announced the conclusion of the free trade agreement (FTA) negotiations on December 22, under which, Wellington has committed $20 billion in FDI over the next 15 years. The 'rebalancing mechanism' under the agreement, enables India to suspend benefits under the FTA, if expected investment does not materialise - a provision mirroring India's agreement with the European Free Trade Association (EFTA) countries.
However, unlike the India-EFTA trade agreement which allows a three-year grace period for European nations if they fail to meet their investment obligations, New Delhi has not defined the time frame for the grace period in its deal with New Zealand.
THE PANEL WILL ASSESS IF NEW ZEALAND SHOULD BE GIVEN A GRACE PERIOD, IF IT FAILS TO FULFILL ITS COMMITMENT
هذه القصة من طبعة December 29, 2025 من Business Standard.
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